Any Natural Gas Bulls left?Natural Gas has been in a 4 week donwtrend,
Price action jsut seems to be bleeding lower.
As we approach the Daily 200 MA, loof for sings of accuulation.
NATURALGAS trade ideas
Bullish for NATGASIdentifying an intriguing chart setup in NATGAS: Since mid-October, the price has experienced a decline of approximately 22%. Examining the broader chart perspective, the correction has, so far, only retraced 50% of the upward movement since April 2023.
The On-Balance Volume (OBV) indicates a clear hidden bullish divergence. Consequently, we anticipate an imminent rise in natural gas prices.
A realistic target range is around 4,000 or higher.
It is important to note that this is a longer-term trading idea.
Two possibilities in gasGreetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
Natural Gas Short Analysis 29/11/2023I rarely trade Natural Gas but I often get good rewards from it quickly. Overall it's bearish, just had a breakout at support and daily candle closed strongly bearish, I'm shorting down to 2.7300 with small risk. It could touch HTF demand and go up to HTF supply and then continue back down again, go up to HTF supply and then continue down or just continue going all the way down from where price currently is.
I rather see how price reacts first rather than assume how where price will go. Natural Gas is very risky but can be very rewarding if played well.
CAPITALCOM:NATURALGAS
Big Short on NATGAS Am I Crazy?Gooood morning guys,
As always I keep things brief and simple
Short on CAPITALCOM:NATURALGAS actual price 3.50$
FIRST TARGET --> 3.00$
SECOND TARGET --> 2.75$
Why?
- Stocks are full in Europe
- Seasonality, Autumun season boosts in the beginning of October stabilizes till mid of it and crashes in the end of the month. I'm just following the cycle.
What could go wrong?
- Israel events happened and we still have to see the effects with other exporters arab countries I don't think that something is going to happen as the '73 crisis (I don't have a sphere to predict the future)
- The stocks are not full in the US
- Thyphoons in the US
- Unexpected decrease in temperature
- Seasonality not respected and sudden big speculation on the price of NATGAS
With that being said I just share my opinion here and I repeat don't have a magic sphere nor I'm god so future is always unpredictable I just adapt to change and keep up to date.
oh and yeah TradingView already says that but I'm going to say it again I AM JUST SHARING MY IDEAS NOT FINANCIAL ADVICES HERE
Peace out
Natural Gas Prices Fall to More than 2-month LowsYesterday, XNG/USD quotes dropped below the 2,900 level for the first time since mid-September. This was helped by the fact that the NatGasWeather weather forecasting model late last week showed a cooling trend in December in the US, but this was replaced by warming over the weekend.
According to analyst forecasts from Analysts Tudor, Pickering, Holt & Co., published on Monday:
→ natural gas reserves at the end of winter could be 2 trillion cubic feet (previously forecast 1.9 trillion);
→ price could be USD 2.75 (previous forecast was USD 3 or less).
Meanwhile, the US Natural Gas price chart shows that:
→ the price of natural gas is near the lower border of the channel (shown in blue), which can provide support;
→ the MACD indicator indicates divergence (a sign of weakening selling pressure).
Thus, although the market has been in a bearish trend since the beginning of November (shown in red), the chart shows bullish signs — it is possible that the price in the short term may rise to the upper limit of the red channel. The likelihood of this scenario will increase if the weather forecasting model indicates a cold snap.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Natural gas is nearing its bottom if not already.I believe Natural gas is nearing its bottom and about to launch from a downward (bullish) wedge. Also its currently above its 200 DMA which dropped from above and when that happens Natural Gas usually has a nice bullish rally. So using Trendlines and fibs I show where I believe Natural Gas is or has bottomed and where I think it might be headed by EOY taking out a bear gap way above.
🟢 NatGas UpdateNatGas has been following the plan so far. Slowly getting into the position to bounce of 200 MA on Daily chart. Perhaps oil will rally due to similar reasons yet to be known.
NatGas Support ConfluenceA confluence of supports: channel, horizontal and rising trend line.
Entry validated by bullish engulfing rejection of confluence area.
Target is channel resistance.
NatGas Update One more push upwards is still in the cards to finalise the expending traingle shape (in case it is a triangle).
NatGas Update Imagining how it may end. I no longer use color coding since it adds no value. The level of certainty with ElliottWaves is something illusory.
Volatile move to trendline rejection incoming?Will the 2005 high and 2008 high downward trendline (blue line) be touched (and rejected)? This month it would touch at around 2.15. Maybe a volatile move down and agressive bounce will push many players out of the market.
natural gasNatural Gas, showing a lot of indicators.. Where are you going.. Is the bottom in? Or drop back to bottom of the parallel.
NGas Buy Idea 20/11/23Reasons for Buy:
1) 1D Trend line
2) 4H Support
3) 1H RSI Devergency
4) 1H Trend line Break Up
5) 15M "Double Bottom " pattern
Risk 0.1% of deposit
SL below the previous Low
TP at the 1H Resistance Level 1:3.5 RR
Potential Downtrend NATGAS
The natural gas market is currently experiencing a significant downtrend. As per technical indicators including Fibonacci retracements, Ichimoku cloud analysis, volume trends, MACD (Moving Average Convergence Divergence), and RSI (Relative Strength Index), the price of natural gas has declined notably.
Current levels indicate a potential sell opportunity with a suggested stop-loss (SL) set at 2.955 and a take-profit (TP) target at 2.730.
🤷♂️ NatGas UpdateWell, I think we are in a downtrend since the last update. Here is the base case. Other options are possible yet I have to zoom out and outline them on a higher timeframe.
NATTY 15% Correction on the way?Natural Gas has recorded a negative bearish divergence on the 4hr which I believe is the sign of a correction to retest the green base below.
It had fired on all of it's cylinders yesterday which I believe was a dead cat bounce removing as many short sellers as possible.
Shorting this time of year usually means commission from your broker - mine is offering 3% of my total investment.
Naturalgas retests breakout level!The likelihood is now increasing for a strong rebound up. In the first stage up to this month's previous peak, which means about 10%. Best case scenario in the slightly longer term means an increase of as much as 75%!
Natural Gas - Time to go Long as Pullback Looks CompleteNatural gas seems to have completed pull back. Price as broken past the descending trendline and now has climbed above recent support turned resistance layer. Awesome oscillator has too crossed over to bullish zone and we also see hidden divergence of Awesome Oscillator.
Natrual GasSeasonal Opportunity is arising, price action suggest we will start a bullish run. Setting SL below recent relevant lows with TP targeting some soft price points that should easily be reached. This will be a long trade ladies and Jellyspoons.
Natural Gas Rallying Again
Technicals :
Taking a second position in Natural Gas long
Reasons :
uHd
pb to support and retook the kijun
Daily cloud bulling
Wicked Daddy Deeper pullback squeeze
Price hit daily lower ADR and AWR and rallied
Weekly 5EMAs signal and 15/50 signal:
1hour lower time frame crown fakeout:
